The “Checkbook IRA”

When you open a Self-Directed retirement account, does it come with a checkbook?  We get asked that question often.  The answer is “No”.  The “Checkbook…

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IRA/401k Asset Valuations

Every year your Self-Directed IRA custodian reports the value of the assets in your account to the IRS.  Accomplishing this requires the account holder to…

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The Differences Between Pre-Tax and After-Tax Retirement

Types of Retirement Accounts: You probably heard of a Traditional and a Roth IRA. You might not know there are different types of IRAs to…

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Inheriting a Retirement Account

Do you have a retirement account? You need to designate a beneficiary. That is where this story begins. IRA inheritance is a bumpy story, so…

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The Spousal IRA

With a Spousal IRA (also known as the Kay Bailey Hutchison Spousal IRA), you do not need to earn income to contribute to an IRA…

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Retirement Security Reforms

In the early fall 2021 the Retirement Industry could see some major overhauls.  Recently, a bill was introduced (the Retirement Security & Savings Act) with…

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How SIMPLE is a SIMPLE IRA?

  You don’t have to run a large company to offer a retirement plan to your employees. Small employers can save for retirement as well…

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Funding your Self-Directed IRA

You opened a Self-Directed retirement plan and now you want to fund it. Funding your Self-Directed IRA is a process that takes a few days…

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Simplified Employee Pension (SEP)

Are you Self-Employed? If so you may find the Simplified Employee Pension ( or SEP) IRA to be helpful when it comes to tax savings…

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Self-Directed Traditional IRA

The Traditional IRA is the most common type of Individual Retirement Arrangement (IRA).  Why?  Well, it is probably because most people rollover their employer’s pre-tax…

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Self-Direct a Health Savings Account

A Health Savings Account (H.S.A.) is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified…

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Solo 401(k) with Multiple Business Partners

Can you open a Solo 401k for an LLC business with multiple partners? When you think “Solo 401(k)” you probably think of a business with…

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Making IRA Contributions in Your 70’s and Beyond

Over the past 20 years, the share of Americans working in their 70s has risen from less than 10% to nearly 15%, according to US…

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Additional Nondeductible IRA Contribution Source

Difficulty of Care Payments & Nondeductible Contributions You may be able to make additional nondeductible IRA contributions (after December 20, 2019) if you received difficulty…

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Moving 401k Funds into a Self-Directed IRA

Have you left your employer?  If you recently changed jobs, you are not alone.  The global pandemic has affected many and as a result he…

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Time to Think About Taxes

By now a lot of you are starting to think about taxes…we have a little bit of time left before Uncle Sam comes knocking. One…

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Taking Distributions from Your IRA

You read articles every day on growing your wealth.  There is much written about the best ways to grow IRAs, detailing the best investment assets…

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IRAs & 401(k)s – Who Makes the Rules?

So much goes in to creating the rules for IRAs and Solo 401ks.  As a result, it can be confusing when you research them and…

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Your Guide to the Roth IRA

What is a Roth IRA? The Roth IRA provides a way to save for retirement with tax-free earnings. Congress created the Roth under the “Tax…

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How Do You Foresee Retirement?

How do you foresee your retirement?  Who could have foreseen the way 2020 has gone so far?  We must plan, even for the unexpected, and…

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Attention:

uDirect IRA Services staff is working both from home and from our offices in response to COVID-19. Rest assured, we are fully operational and ready to help with your retirement needs.